Intellect Design Arena Ltd

IntellectAI , an Insurtech Transformation Partner with end-to-end, AI and data-powered underwriting solutions from Intellect Design Arena , today announced the launch of Magic Placement, a cutting-edge addition to its digital underwriting and distribution ecosystems for agents, brokers, and wholesalers. This powerful new capability leverages Agentic AI and Large Language Models (LLMs) from IntellectAI's Business Impact AI Platform, Purple Fabric, to deliver faster, cheaper, more consistent, and accurate policy, quote, and binder comparisons. Brokers routinely handle large volumes of complex documents, including quotes, binders, new business, and expiring policies. Comparing these insurance documents is a tedious, time-consuming, inefficient, and error-prone process that can take days. This results in operational bottlenecks, missed revenue opportunities, and increased E&O exposure for insureds and distributors. These traditional document review methods are inefficient, expensive, and unsustainable in today's fast-paced insurance landscape.  Magic Placement automates this process, helping agents, brokers, and wholesalers spot discrepancies instantly and ensure consistency across key placement documents. Built with advanced Large Language Models (LLMs) and Agentic AI, this powerful solution brings consistency, speed, and accuracy to every placement decision.  Unlike traditional automation tools, Magic Placement employs intelligent generative AI agents'built on IntellectAI's core platform, Purple Fabric'that autonomously extract, compare, and generate business critical insights across multiple insurance documents. Purple Fabric provides the foundational intelligence and orchestration layer that powers the scalability, flexibility, and domain-specific accuracy of solutions like Magic Placement. Powered by Capital Market - Live

Intellect Digital Technology for Commerce, the procurement and retail technology business unit of Intellect Design Arena, announced a strategic partnership with Essel Mining & Industries (EMIL), the cornerstone of India's mining sector, to redefine procurement operations with eMACH.ai CPX, the world's most advanced open API-based Source-to-Pay platform. Essel Mining & Industries (EMIL) Aditya Birla Group, with an annual turnover of Rs 2343 crore (FY24), is undergoing a significant digital transformation of its procurement process with eMACH.ai CPX. This evolution will see an expected annual procurement value of Rs 1200 crore managed through eMACH.ai CPX, connecting EMIL with a robust network of over 800+ sellers. The platform will cater to a diverse range of procurement needs, encompassing key categories such as raw materials, equipment & machinery, consumables, services and general supplies. The benefits of eMACH.ai CPX include access to a broader pool of vendors, potentially leading to more competitive pricing and better quality. The platform could eventually host hundreds or thousands of sellers across the various product and service categories relevant to EMIL's operations. EMIL selected eMACH.ai CPX for its unique ability to combine deep domain expertise with cutting-edge technology. With its proprietary EPIC Model (Efficiency, Purposeful, Intelligent, and Compliant), the platform provides a holistic, scalable, and future-proof solution for procurement transformation. The platform's customisable design and seamless integration capabilities stood out, ensuring EMIL could tailor the solution to its specific needs and long-term goals. Powered by Capital Market - Live

Shares of Intellect Design Arena advanced 0.37% to Rs 729.50, while LTIMindtree gained 0.20% to Rs 4,616.70 on the BSE. The partnership leverages the strengths of eMACH.ai, Intellect's comprehensive first-principles-based open finance platform, and iTurmeric, a low-code integration suite, along with LTIMindtree's end-to-end capabilities in design, development, integration, and testing, to deliver tailored solutions across core banking, wealth management, lending, payments, and card management. By combining the capabilities of eMACH.ai and iTurmeric, this partnership empowers financial institutions with innovative, flexible, and scalable solutions to meet the evolving demands of wealth management, lending, payments, and card services. With eMACH.ai's comprehensive service suite and iTurmeric's low-code platform, institutions can quickly deploy new applications, streamline operations, and enhance the customer experience. Leveraging their combined expertise, Intellect and LTIMindtree will explore new opportunities across the Middle East, Africa, and APAC, delivering tailored solutions that address the unique market needs, challenges, and opportunities in these regions. Kannan Ramasamy, chief partner officer at Intellect Design Arena, said, Our partnership with LTIMindtree is a testament to our vision of reshapingthefinancial services landscape with agility, intelligence, and innovation. Byleveraging the transformative potential of eMACH.ai, we aimto empowerinstitutions not just to keep pace with change but to lead it'deliveringunparalleled customer experiences while navigating the complexities of a dynamicglobal marketplace with confidence. Ram Khizamboor, chief delivery officer, LTIMindtree, said, This partnership is a strategic move to accelerate thedigital transformation of financial institutions in the Middle East, Africa and APAC regions. By combining Intellect's powerful eMACH.ai platform with our digital expertise and proven track record in partnering with our financial services clients in their modernisation journeys we are enabling our clients to implement cutting-edge, scalable solutions that not only enhance operational efficiency but also deliver impactful customer experiences.' Intellect Design Arena is an enterprise-grade financial technology leader, providing composable and intelligent solutions for futuristic global financial institutions across many countries. Intellect offers a full spectrum of banking and insurance technology products through four lines of business, Global Consumer Banking (iGCB), Global Transaction Banking (iGTB), IntellectAI and Digital Technologyfor Commerce (iDTC). LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world.Powered by Capital Market - Live

Intellect Design Arena has announced a strategic partnership with LTIMindtree, a leading global technology consulting and digital solutions company. The partnership is designed to catalyse the evolution of financial services across the Middle East, Africa (MEA), and Asia-Pacific (APAC) leveraging the capabilities of eMACH.ai and iTurmeric. This alliance aims to combine LTIMindtree's market-leading experience and expertise in successfully delivering complex digital and core transformation programs for leading financial institutions with Intellect's leadership in developing domain-rich, enterprise-grade financial technology. Together, they aim to address the needs of financial institutions in the Middle East, Africa and APAC in navigating market complexities and creating customer-centric, agile, and efficient operational models.  In a rapidly evolving financial ecosystem, the demand for adaptable, future-ready solutions is more pressing than ever. The partnership further combines the capabilities of eMACH.ai, Intellect's comprehensive first principle-based open finance platform, and iTurmeric, a low-code integration suite, with LTIMindtree's full-service capability spanning design, build, integration and testing to deliver tailored solutions across core banking, wealth management, lending, payments, and cards management. Kannan Ramasamy, Chief Partner Officer at Intellect Design Arena said, Our partnership with LTIMindtree is a testament to our vision of reshaping the financial services landscape with agility, intelligence, and innovation. By leveraging the transformative potential of eMACH.ai, we aim to empower institutions not just to keep pace with change but to lead it'delivering unparalleled customer experiences while navigating the complexities of a dynamic global marketplace with confidence. Commenting on the partnership, Ram Khizamboor, Chief Delivery Officer, LTIMindtree, said, This partnership is a strategic move to accelerate the digital transformation of financial institutions in the Middle East, Africa and APAC regions. By combining Intellect's powerful eMACH.ai platform with our digital expertise and proven track record in partnering with our financial services clients in their modernisation journeys we are enabling our clients to implement cutting-edge, scalable solutions that not only enhance operational efficiency but also deliver impactful customer experiences.'Powered by Capital Market - Live

Intellect Design Arena has allotted 66,208 equity shares under ESOP on 15 March 2025. The paid-up share capital of the Company accordingly increases from Rs. 693,927,805/- divided into equity shares of 138,785,561 equity shares of Rs. 5/- each to Rs. 694,258,845/- divided into equity shares of 138,851,769 equity shares of Rs. 5/- each. Powered by Capital Market - Live

IntellectAI , an Insurtech Transformation Partner with end-to-end, AI and data-powered underwriting solutions from Intellect Design Arena , announced a partnership with Across America Insurance Services to drive underwriting accuracy and efficiency with loss run extraction and analysis solutions. The wholesale insurance provider is IntellectAI's most recent customer for Magic Submission and Xponent, built on IntellectAI's proprietary Purple Fabric platform. Powered by Purple Fabric, Intellect's AI platform, Magic Submission is an ingestion and extraction tool designed to streamline insurance submissions, enhancing operational efficiency and accuracy for carriers, brokers, agents and MGAs. The company's AI-powered underwriting solution, Xponent, is designed to boost underwriter efficiency and consistency for commercial and specialty insurers, enabling faster and more accurate underwriting outcomes.Powered by Capital Market - Live

Intellect Design Arena has allotted 1,02,335 equity shares under ESOP on 24 February 2025. With this allotment, the paid up equity share capital has increased to Rs. 693,927,805/- divided into equity shares of 138,785,561 Rs. 5/- each.Powered by Capital Market - Live

IntellectAI, the Insurtech business unit of Intellect Design Arena offering AI and data-powered underwriting solutions, announced a breakthrough agreement with London's premier Market Insurance and Reinsurance Brokerage firm. Under this multi-year engagement, the brokerage firm will deploy Intellect's underwriting ecosystem which consists of Magic Submission and Xponent solutions, built on IntellectAI's proprietary Purple Fabric platform, to enhance and streamline its insurance policy placement process. This strategic engagement underscores the increasing demand for AI-powered solutions that enhance underwriting efficiency, optimise market access, and streamline the end-to-end insurance policy placement process. By integrating IntellectAI's advanced and connected intelligence capabilities, the brokerage is set to transform its submission-to-bind workflow, eliminating manual inefficiencies and accelerating deal flow across a broad network of global markets. Through this partnership, IntellectAI is bringing the combined power of AI, automation, and data intelligence to the forefront of underwriting, enabling a frictionless placement process for sophisticated facilities. Powered by Capital Market - Live

As per the terms of the agreement, the brokerage firm will deploy Intellect's underwriting ecosystem which consists of Magic Submission and Xponent solutions, built on IntellectAI's proprietary Purple Fabric platform, to enhance and streamline its insurance policy placement process. The Intellect's ecosystem will help the brokerage to transform its submission-to-bind workflow, eliminating manual inefficiencies and accelerating deal flow across a broad network of global markets. Banesh Prabhu, CEO of IntellectAI, said: 'We are thrilled to support this forward-thinking insurance intermediary in reimagining its placement process. The speed and conviction with which this deal was finalised is a testament to the value our platform brings to the industry. By leveraging our Purple Fabric Platform, we are not only enhancing the underwriting process but fundamentally transforming it. Our AI-driven ecosystem enables brokers to accelerate deal flow, expand market access, and drive operational efficiencies that were previously unattainable.' Intellect Design Arena has a comprehensive portfolio of products across Global Consumer Banking, Central Banking, Risk & Treasury Management, Global Transaction Banking and Insurance and is engaged in the business of software development. Powered by Capital Market - Live

Intellect Global Transaction Banking (iGTB), the transaction banking business unit from Intellect Design Arena announced the successful second phase go-live of its eMACH.ai DTB solution at Boubyan Bank, one of Kuwait's leading Islamic banks and a pioneer in digital transformation The go-live marks the introduction of transformative solutions designed to boost financial efficiency and operational agility across a wide range of industries. Powered by Intellect's first principle based eMACH.ai Wholesale Banking platform, these solutions leverage enterprise-grade technology to address the unique challenges of sectors such as oil and gas, telecom, fintech, real estate, manufacturing and trading services. Manish Maakan, CEO - Intellect Wholesale Banking, commented, 'We are proud to partner with Boubyan Bank, a leader in innovation and customer-centric Islamic banking in Kuwait. This implementation reflects our shared vision to deliver comprehensive transaction banking services that empower corporate and SME clients while enhancing operational efficiency and Customer Experience. With this milestone, we are pleased to be associated with three of the leading banks in Kuwait, strengthening our commitment to Kuwait and the region.'Powered by Capital Market - Live